Business Specialties
Houston-Area Office Building Trades for $27M
Northstar Commercial Partners bought a 143,000-square-foot Class A asset in Sugar Land, Texas, from Velocis. The property was roughly 7.5 percent vacant at the time of sale.
RAF Pacifica Grows San Diego Office Portfolio With $20M Buy
The new owner intends to repurpose the property’s truck court into a variety of exterior amenities, from drought-resistant landscaping to a basketball court.
NV Energy to Boost Solar Generation, Energy Storage
Three solar photovoltaic projects totaling 1.2 gigawatts will be developed in Clark County, Nev., each with a corresponding battery storage system.
FL Mixed-Use Project Receives $36M Construction Loan
Ivory 214 will include roughly 11,000 square feet of retail, 34,000 square feet of office and a 100-key Tapestry Collection by Hilton hotel.
Apple Leases 635 KSF Office Campus in Seattle
The company will fully occupy 333 Dexter, Kilroy Realty’s first ground-up development in the city. The project comprises two LEED Platinum 12-story towers scheduled for completion in late 2019.
ClearChoice Grows AZ Presence
The Offices at Chandler Viridian, which officially opened this January, will be the tenant’s second location in the state.
GE Pulls Plug on California Power Plant
The Inland Empire Energy Center entered into an agreement to sell the project site and certain assets to a third party that intends to develop a battery energy storage system.
Oxford Properties to Build $3.5B Mixed-Use Project in Toronto
The 4.3 million-square-foot development, dubbed Union Park, will rise in the heart of Toronto and will be the largest project of its kind in the city’s history.
NJ Selects Ørsted for 1.1GW Ocean Wind Project
During the development and the three-year construction phases, the offshore wind project is expected to create more than 3,000 direct jobs annually.
Levcor Refinances Houston Entertainment Center
JLL’s Capital Markets team secured the $68 million loan, which will recapitalize existing debt. LoanCore provided the non-recourse, floating-rate financing.